We (supporters of Clinton) should not get terribly upset with the way things are going. Some of us (very left of center) are disenchanted by the fact Bernie did not get the Democrat candidature. First of all, Bernie was not a Democrat. He was, however, a member of the Congressional Progressive Caucus
(CPC) as a Senator - and the only
Being a member of the CPC shows one's tendency towards Progressive Politics, and that
is what has come, finally, to impress the American public. That, perhaps, time has come to change fundamentally the direction in which the nation is being run. Because, since Reckless Ronnie changed the Tax Code to favor overwhelmingly the upper-income tax-payer by instituting a flat-rate taxation (of 30%) for all revenues beyond $100K.
Bernie nonetheless was promulgating some damn fine ideas that are at the heart of Social Democracies
in Europe. And these policies of high-taxation in order to provide free (or nearly free) Public Services like National HealthCare and Postsecondary Education) are entrenched in European political values. (But, I digress.)
Reckless Ronnie was a brilliant stroke of good-fortune for our elitist families, living on a soft-cushion of easy-money. And why they have created so many statues in his image, like some craven god that he was not.
If we, as a nation, are to make our collective existence a bit more easy for the 15% of American households (that's the population of California and Illinois combined) who find themselves below the Poverty Threshold, then we shall have to spend more of the Federal budget where it will do the most good.
But that first means we need to increase upper-income taxation, because the revenues that escape taxation are going to build the Wealth of the Wrong People! Do we need a Confiscatory Taxation?
Perhaps we do, because it seems that America's BigBusiness has been having a wild-time playing "who get's paid most", with that dubious honor being printed in "their" national magazines. (See that nauseating fact here
Better yet, see the national distribution of revenues here of income-groups by quintiles (20% of households), from the Tax Policy Center):
What in heaven's name are they going to do with all that income that accumulates into megabucks? Here's what: They are going to leave it to their dynasties. That is, their kids.
We are thus creating exactly the same kind of "monarchy" that we fought a revolution to overthrow. One that has no "King" but are nonetheless recognizable for their political activity in maintaining the status-quo of upper-income taxation. That is, a very select group of families that create fortunes and then pass them down the line historically. (Whilst 15% of the nation lives below the Poverty Threshold of $23K per year for a family of four.)
Tell me how it isn't so. Tell me how upper-income taxation - the fifth 20% of households - is not so infamously warped compared to rest of us as to be sinful